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53
CL&P
(Millions of Dollars)
2013
2014
2015
2016
2017
Thereafter
Total
Long-term debt maturities
(a)
$ 125.0 $ 150.0 $ 162.0 $ - $ 250.0 $ 1,540.3
$ 2,227.3
Estimated interest payments on existing debt (b)
119.5
119.5
109.8
107.3
103.3
1,009.2
1,568.6
Capital leases (c)
2.2
2.0
2.0
1.9
2.0
7.3
17.4
Operating leases (d)
4.3
3.7
3.1
2.3
1.2
6.4
21.0
Funding of other postretirement benefit obligations
(d)
8.1 7.0 6.2 5.0 4.3 3.6
34.2
Estimated future annual long-term contractual costs (e)
278.9
282.1
268.7
250.4
224.2
1,171.3
2,475.6
Other purchase commitments (d) (g)
751.4
-
-
-
-
-
751.4
Total (f) (i)
$
1,289.4
$
564.3
$
551.8
$
366.9
$
585.0
$
3,738.1
$
7,095.5
(a) Long-term debt maturities exclude fees and interest due for spent nuclear fuel disposal costs, net unamortized premiums and discounts, and other
fair value adjustments.
(b) Estimated interest payments on fixed-rate debt are calculated by multiplying the coupon rate on the debt by its scheduled notional amount
outstanding for the period of measurement. Estimated interest payments on floating-rate debt are calculated by multiplying the average of the 2012
floating-rate resets on the debt by its scheduled notional amount outstanding for the period of measurement. This same rate is then assumed for
the remaining life of the debt.
(c) The capital lease obligations include imputed interest for NU and CL&P.
(d) Amounts are not included on our consolidated balance sheets.
(e) Other than the net mark-to-market changes on derivative contracts held by both the Regulated companies and NU Enterprises, these obligations
are not included on our consolidated balance sheets.
(f) Does not include unrecognized tax benefits for NU and CL&P as of December 31, 2012, as we cannot make reasonable estimates of the periods or
the potential amounts of cash settlement with the respective taxing authorities. Also does not include an NU contingent commitment of
approximately $40 million to an energy investment fund, which would be invested under certain conditions, as we cannot make reasonable
estimates of the periods or the investment contributions.
(g) Amount represents open purchase orders, excluding those obligations that are included in the capital leases, operating leases and estimated future
annual long-term contractual costs. These payments are subject to change as certain purchase orders include estimates based on projected
quantities of material and/or services that are provided on demand, the timing of which cannot be determined. Because payment timing cannot be
determined, we include all open purchase order amounts in 2013.
(h) These amounts represent NU's estimated minimum pension contributions to its qualified Pension Plan required under federal legislation.
Contributions in 2014 through 2017 and thereafter will vary depending on many factors, including the performance of existing plan assets, valuation
of the plan's liabilities and long-term discount rates, and are subject to change.
(i) Excludes other long-term liabilities, including the unrecognized tax benefits described above, deferred contractual obligations, environmental
reserves, employee medical insurance reserves ($17.4 million at NU and $11.3 million at CL&P), workers compensation and long-term disability
insurance reserves ($50 million at NU and $19.9 million at CL&P) and the ARO liability reserves as we cannot make reasonable estimates of the
timing of payments.
For further information regarding our contractual obligations and commercial commitments, see Note 8, "Short-Term Debt," Note 9,
"Long-Term Debt," Note 10A, "Employee Benefits - Pension Benefits and Postretirement Benefits Other Than Pensions," Note 12B,
"Commitments and Contingencies - Long-Term Contractual Arrangements," and Note 13, "Leases," to the consolidated financial
statements.
RRB amounts are non-recourse to us, have no required payments over the next five years and are not included in this table. The
Regulated companies' standard offer service contracts and default service contracts are also not included in this table.
Web Site: Additional financial information is available through our web site at www.nu.com.